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Technology Stocks : America On-Line: will it survive ...?

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To: jhg_in_kc who wrote (11232)9/9/1998 1:14:00 PM
From: Steve Robinett   of 13594
 
Are you sure it's not six polar bears smoking cigars? That would be the signal for a fluctuating stock price.
The problem I have with TA is that most of it is 20/20 hindsight. TA always looks the worst the day before a turnaround and the best the day before a big down-draft. In other words, very little useable information, compared to fundamentals. I always suspect that TA addicts are looking for some easy way to analyze stocks rather than go through all that work of understanding the company.
Best
--Steve
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